At present, there are more than 100 ICOs running and upcoming. Not all of them are good. The truth is only 10 percent ICOs seems to be legit. The current crackdown in China was due to an increase in a large number of ICOs in China. As a result, they had to call for a ban to safeguard the hard earned money of the Chinese citizens.
ICO Stat: In the year 2017, till date, 154 ICOs were organized and combinedly raised 2.3 billion USD as per CoinSchedule.